MLS® ID: OC19222290

119 39th Street

Newport Beach, California, 92663

$2,495,000 Active
  • - SQFT
This charming Spanish-style beach compound is located steps from the sand and surf. Structured as a duplex with two individual buildings and a separate studio apartment, each unit comes fully furnished with the household amenities included. The front house, built in 1929, was renovated in 2015 and provides 3 bedrooms, 2 bathrooms in approximately 1,000 SF of living space on two levels. The modern galley kitchen has granite countertops and Thermador appliances and opens to the great room and friendly front courtyard where you can enjoy the warm weather and people-watching. The back unit, built in 1958, is comprised of an 800 SF upper unit with 2 bedrooms and 1 bathroom and full kitchen, while on the lower level is the studio apartment (non-conforming) with wet bar, refrigerator, and microwave. The compound houses a total of 6 bedrooms and 4 bathrooms in 3 units totaling ~2,150 SF. The spacious two-car garage with 3rd off-street parking space has full-sized washer/dryer and is easily accessed from the wide back alley. Both houses have new windows and the entire property has been well-maintained. This is a great opportunity for a turn-key vacation rental investment or a cozy beach home with plenty of room for guests. (Based on offer price, Pro forma annual net income of $110,000 provides a cap rate is 4.41%.)
Read More

Listing courtesy of Pacific Sotheby's Int'l Realty

Amenities

  • Full baths
    0
  • Half baths
    0
  • Three-quarter Baths
    0
  • Total Baths
    0
  • Zip
    92663
  • Office name
    Pacific Sotheby's Int'l Realty
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Duplex
  • Zoning type
    R2
  • Year built
    1929
  • Lot size
    2298.00
  • Sewer
    Public Sewer
  • Heating
    Central,Wall Furnace,Space Heater,Forced Air
  • Tax year
    0
  • Agent name
    John Cain
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • HOA fees
    $ 0.00
  • Price Range
    $2m+
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    OC07358
  • Agent ID
    SCAINJOH

Location

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info